The Photo voltaic Power Company of India (SECI) has signed a Memorandum of Understanding (MoU) with the Odisha Renewable Power Growth Company (OREDA) to develop photo voltaic vitality initiatives within the state.
In response to the MoU, OREDA and SECI will develop grid-connected agro-photovoltaic initiatives in Odisha. In agro-photovoltaic initiatives, the identical land is utilized each to reap photo voltaic vitality and to hold out agricultural actions.
SECI stated that the agricultural land could be taken up underneath the ‘Annual Lease Mannequin’ from farmers. The federal government will straight execute the lease deed for a interval of 25 years with the farmers with out involving any brokers, SECI added.
In response to SECI, it will straight profit farmers as they’ll keep on farming actions on the leased agricultural land whereas incomes a decided lease quantity of ₹20,000 (~$ 269.83)/acre yearly from the federal government.
SECI added that it’s presently growing a 40 MW ground-mounted photo voltaic undertaking in Kantamal tehsil of Boudh district and one other 40 MW floating photo voltaic undertaking on the Hirakund dam in Sambalpur district of Odisha. Mercom earlier reported that the World Financial institution had floated an expression of curiosity searching for consulting companies to assist discover the potential of this floating photo voltaic undertaking in Odisha.
Final month, the Odisha Renewable Power Growth Company invited bids for a ten MW solar energy undertaking within the Junagarh block of Kalahandi district. Earlier this yr, NHPC Restricted additionally signed an MoU with Inexperienced Power Growth Company of Odisha Restricted. As a part of the MoU, each the events would collaborate to type a three way partnership firm to develop floating photo voltaic initiatives of practically 500 MW within the state.
Odisha has been choosing progressive methods of encouraging solar energy within the state; photo voltaic cold storage, manufacturing hubs, and off-grid purposes akin to photo voltaic bushes, photo voltaic consuming water kiosks, and off-grid solar energy initiatives with battery storage (Konark).
In response to Mercom’s India Solar Project Tracker, Odisha has put in round 417 MW of photo voltaic initiatives, with one other 55 MW of photo voltaic initiatives presently within the pipeline.
Picture credit score: By Akmu.cazri – Personal work, CC BY-SA 4.0
Harsh is a employees reporter at Mercom India. Beforehand with Indian Specific, he has coated basic curiosity tales. He holds a Masters Diploma in Journalism from Symbiosis Institute of Media and Communication, Pune.